monday.com (NASDAQ:MNDY) Price Target Raised to $275.00 at Robert W. Baird

monday.com (NASDAQ:MNDY) had its price target raised by Robert W. Baird from $270.00 to $275.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on MNDY. Wells Fargo & Company increased their price target on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Loop Capital decreased their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. DA Davidson reiterated a “neutral” rating and set a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Finally, William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $310.68.

monday.com Price Performance

Shares of monday.com stock opened at $247.46 on Tuesday. monday.com has a 1 year low of $174.75 and a 1 year high of $324.99. The business has a 50-day moving average of $255.09 and a two-hundred day moving average of $259.62. The company has a market capitalization of $11.95 billion, a P/E ratio of 603.56, a price-to-earnings-growth ratio of 6.00 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same period in the prior year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, equities analysts anticipate that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Trading of monday.com

Hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com in the third quarter valued at approximately $43,000. Toronto Dominion Bank acquired a new stake in shares of monday.com in the second quarter valued at approximately $120,000. Vestcor Inc lifted its position in shares of monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after buying an additional 124 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of monday.com by 645.7% in the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after buying an additional 523 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after buying an additional 100 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.